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LSDefine

Simple English definitions for legal terms

doubling

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A quick definition of doubling:

Term: Doubling

Definition: Doubling is when a married couple can protect twice as much property in bankruptcy than if they filed separately. This means that if they own something together, like a car, they can each protect the full value of it. This helps them keep more of their things in a Chapter 7 bankruptcy or pay less to creditors in a Chapter 13 bankruptcy.

A more thorough explanation:

Doubling is a term used in bankruptcy law that refers to the right of a married couple to claim twice the amount of an exemption when they file a joint case.

According to the law, each debtor in a joint case can claim exemptions separately. For example, if a couple jointly owns a car worth $10,000, each spouse can claim an exemption of $10,000, depending on the state's exemption laws.

Doubling is beneficial for married couples in both Chapter 7 and Chapter 13 bankruptcy cases. In Chapter 7, it allows the couple to keep more of their property, while in Chapter 13, it enables them to pay less to unsecured creditors.

For instance, if a couple files for Chapter 7 bankruptcy and has a joint bank account with $20,000, they can claim a total exemption of $20,000 or $10,000 each. This means that they can keep the entire amount in their account without having to pay it to their creditors.

In summary, doubling is a legal provision that allows married couples to claim twice the amount of an exemption in bankruptcy cases, which can help them keep more of their property or pay less to their creditors.

double-entry accounting | dower

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Dkk
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SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
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Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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